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Dec 4, 2012 4:30am PST
's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich bringing in 1.6 trillion. republicans want to close tax loopholes and eliminate deductions to raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the "fiscal cliff." >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. susan mcginnis, cbs news, washington. >>> time now 4:40. santa comes early for some facing foreclosure. the promise being made to certain people struggling to keep their homes. >> plus the white house's worst fears. what the syrian government may try to do to its people. >> but a beer run gets ugly as fist flies. the suspects and the struggle coming up after the break. clerk got into a fist fightr beer. surveillance video shows a man apparently steag two cases of beer from the s statio >>> a south carolina conve
Dec 6, 2012 6:00am PST
. even when he did them they weren't meant to go forever. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm incredibly relieved to see rationality spreading throughout the republican party. he believes they are signalling interest in backing down on tax cuts for the wealthy. that's what representative welch said earlier on the show. he said they are going to cave. it's just a question of when. the president and boner talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by p
FOX News
Dec 4, 2012 7:00pm PST
changed the rules. that happened in the progressive era. it happened against with roosevelt. obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that. >> they're the only ones that will do it. they're threatening to do that. in fact, they're scheduled to vote to do that, to change the rules in a way that's never been done before. it's been threatened before, but nobody's ever pulled the trigger on it. it looks like they're willing to pull the trigger to get what they want which is a majority rule to be able to force things down the throats of the american people that they don't want. >> if he gets his revenue but makes no structural change in the way we
FOX News
Dec 3, 2012 6:00am PST
to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we now? senior white house foreign affairs correspondent wendell goler on the north lawn. wendell, has either side
FOX News
Dec 4, 2012 3:00am PST
with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surprising. on the show, basically all of the cuts that are coming january 1st are part of the dnc platform except for raising taxes on the middle class which would be $2000 per family under $250,000 income. why would this be a smart thing to do. because january when congress is back in session and they have a few more democrat
FOX News
Dec 2, 2012 3:00am PST
to the edge of the fiscal cliff. and house republicans had harsh words for president obama after he released a budget proposal suggesting more taxes, more spending. >> he wants the power to raise the debt ceiling without congressional approval and they cannot issue an edict like a monarchy, congress, congress, congress is in charge of the purse. the government has gone wild. >> dave: in that congressman's words has they become a monarchy, explaining from texas, congressman poe. >> good morning, dave. >> dave: how has this administration become like a monarchy? >> well, the president in his proposal basically said, turn everything over to me, give me the power or let me take the power to raise the debt ceiling, that seems to be quite arrogant on his part and if he's serious about it, they be what he's really saying is, i want to spend more money. that's how i want to solve the fiscal cliff problem, is spending more taxpayer money. so, the president doesn't have the authority to raise the debt ceiling, he shouldn't have the authority. congress, as you all mentioned earlier is in charge of the
Search Results 0 to 5 of about 6